DA Davidson Estimates Trex’s Q4 Earnings (NYSE:TREX)

Trex Company, Inc. (NYSE:TREX) – Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Trex in a research report issued to clients and investors on Tuesday, October 29th. DA Davidson analyst K. Yinger expects that the construction company will earn $0.04 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $74.00 price objective on the stock. The consensus estimate for Trex’s current full-year earnings is $2.04 per share.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $233.72 million for the quarter, compared to analyst estimates of $225.42 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share.

TREX has been the topic of several other research reports. UBS Group cut their target price on Trex from $104.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Benchmark reduced their price target on shares of Trex from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Barclays decreased their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Trex presently has an average rating of “Hold” and an average price target of $79.94.

Trex Price Performance

NYSE:TREX opened at $70.55 on Wednesday. The firm has a 50-day moving average of $65.36 and a 200-day moving average of $75.57. The company has a market cap of $7.67 billion, a PE ratio of 29.38, a PEG ratio of 2.45 and a beta of 1.50. Trex has a one year low of $55.67 and a one year high of $101.91.

Institutional Trading of Trex

A number of institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new position in shares of Trex during the 2nd quarter valued at $31,000. UMB Bank n.a. boosted its stake in Trex by 150.8% during the third quarter. UMB Bank n.a. now owns 652 shares of the construction company’s stock valued at $43,000 after buying an additional 392 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Trex during the second quarter worth about $44,000. Quarry LP increased its stake in Trex by 576.4% in the 2nd quarter. Quarry LP now owns 602 shares of the construction company’s stock worth $45,000 after acquiring an additional 513 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Trex by 142.3% in the 2nd quarter. Mather Group LLC. now owns 630 shares of the construction company’s stock valued at $47,000 after acquiring an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.